I wouldn't be surprised as Chinese would get the most from these poorly planned forks and dumps.Bitcoincash was a planned Chinese fork while bitcoingold from it's initial stage was sure to be a kids project.

So now it can be 100% confirmed that bitcoin gold BTG is a completely & purely Chinese pre-mined ico scam.

No, I don't think this is right. The guy is purporting to be a BTG Lead Developer. It is not 100% confirmed, until we see a statement from Bitcoin Gold website. Maybe there is some truth there, but there's usually a lot more to the story than what we're led to believe. P.S. There is a lot of guys trying that trick on this forum. It's a simple copy paste script. Hardly think people like that would deserve to be lead developers of a Bitcoin fork.

So now it can be 100% confirmed that bitcoin gold BTG is a completely & purely Chinese pre-mined ico scam.

This bit of news is uncertain as of the moment unless btg will have an official statement regarding this case or without sufficient proof. Even if that is the case, who cares? People just got btg for free anyway because of him forking btc into bitcoin gold. He helped a lot of crypto users holding bitcoin to get another free money from fork. I feel bad for those who bought btg now because if the information provided on this thread is proven, those investors would have to say goodbye to their money and bag hold it for a very long time or forever.

Bitcoin Gold (BTG) is due to fork from Bitcoin on block 491407 and all holders of Bitcoin can be credited an equal amount of BTG to their BTC. The new coin is being launched as a response to ASIC dominance.

Bitcoin Gold is the latest Bitcoin fork with the split occurring on Bitcoin block 491407. The coin is seen by the developers as a response to the ASIC driven monopoly of the main Bitcoin chain. As with the previous Bitcoin fork for Bitcoin Cash (BCH), as long as you are holding Bitcoin in your own software wallet when the split occurs you will automatically receive an equal amount in Bitcoin Gold (BTG).

Users with Bitcoin in hardware wallets or who have them on exchanges wishing to also receive BTG would need to check with their wallet manufacturer or exchange to find out if they plan to support Bitcoin Gold.

Bitcoin Hardware Wallets

In a recent blog post Trezor announced that although their devices support Bitcoin Gold, users won’t be able to do anything other than holding it. Users can choose to export their BTG, however, that is not a procedure they recommend. The coins will therefore not be available in the Trezor wallet.

Trezor’s main issue with BTG is that the code for it currently offers no replay protection, meaning that due to the nature of the chain split there is a potential to lose or transmit your Bitcoins rather than just your Bitcoin Gold. Their advice therefore would be to simply hold the BTG until replay protection is implemented by the BTG team.

The Trezor team states:

"Yes, TREZOR (the device) supports Bitcoin Gold. As previously mentioned, at the moment of the fork, if you have bitcoins on your TREZOR, you will also receive bitcoin gold on your TREZOR (both new and legacy accounts are supported in bitcoin gold). If you simply wish to hold BTC and BTG, there is no further action required from you."

Keepkey has announced that they too will be following the same measures as TREZOR by allowing the users of their hardware wallet to receive BTG but not immediately transact it. They advise users that if they require the immediate ability to move their BTG coins then they should, “relocate their Bitcoin prior to the October 25, 2017 deadline into a wallet that has confirmed support is already in place for this new asset.”

Thanks for the heads up. Seems BTG will be just another normal alt coin.

On the other hand, really curious why it had a lot of press and was taken on by exchanges and wallets.

Any one who can shed a light on it?

Everything about btg looks good on the spec sheet. I mean, bitcoin gold is our dream come true.

They got segwit, gpu mining, no blocksize increase, no Bitmain, no Roger&Jihan&Craig, no drama, no bullshit.

On the paper, bitcoin gold is the ultimate crypto currency. The only thing btg doesn't have, is the dev team of bitcoin and that makes a real difference.

Like I said, only on the paper.

I don't know who the lead dev of btg is, I don't know if he is a scammer or not, I don't know if the btg team is after something bad... Even if they were after something bad, think about it, how bad can it be? They don't even share the same mining algo with bitcoin. They only took a snapshot of the bitcoin chain and started to build up their own chain from there.

Some say, they premined hundreds of coins before launch. Well, So did satoshi. As long as those coins don't move to manipulate the markets, there is nothing to worry. This is the only drawback of btg i can think of. (Other than not having a professional dev team like bitcoin core)

Anyway, You got your btg's for free. Don't like it? Dump it away!

Btg probably won't ever come near of bitcoin but I won't dump mine from these prices neither. I won't dump them for a few hundred bucks. Doesn't make sense.

P.S. I dumped my bcash as soon as I could. It was a different situation.

P.S.2. Would I buy any bitcoin gold coins from these prices? Probably not. Probably not even half of its current price. But this is because I don't buy altcoins at all. Not eth, not ltc, nothing. The only coin I am considering seriously other than bitcoin is Monero at the moment. Even then, I havent bought any xmr yet.

Exactly. BTG will be dumped by Bitcoiners, dumped by miners, dumped by the dev if he did premine.It didn't start with the hype BCH had, so the starting price is already lower. So the first month(s) will be downside.

Then.. there's Bitcoin. And there are quite a number of alts trying to claim a spot high in the ranks. The competition is huge, so only good papers are not enough nowadays.The few that believe in BTG (if any) will have tough days. But I still tend to believe that it's only a get rich quick scheme and in the not so far future it will struggle to stay on the markets.